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CMS Energy Completes $1 Billion Convertible Notes Sale

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CMS Energy Completes $1 Billion Convertible Notes Sale

Meet Your ETF AI Analyst

The latest update is out from CMS Energy ( (CMS) ).

On November 6, 2025, CMS Energy completed the sale of $1 billion in Convertible Senior Notes due 2031, including an additional $150 million from an option exercised by initial purchasers. These notes, sold in a private offering to qualified institutional buyers, bear a fixed interest rate of 3.125% and are convertible into cash or CMS Energy common stock. This financial move is expected to enhance CMS Energy’s capital structure, providing flexibility in managing its debt obligations and potentially impacting its market positioning by offering a premium conversion price over its common stock’s last reported sale price.

The most recent analyst rating on (CMS) stock is a Buy with a $82.00 price target. To see the full list of analyst forecasts on CMS Energy stock, see the CMS Stock Forecast page.

Spark’s Take on CMS Stock

According to Spark, TipRanks’ AI Analyst, CMS is a Outperform.

CMS Energy’s overall stock score is driven by strong earnings call results and a reasonable valuation. Financial performance shows moderate health with some profitability concerns, while technical analysis indicates mild bullish momentum. The company’s positive regulatory outcomes and growth outlook further support the score.

To see Spark’s full report on CMS stock, click here.

More about CMS Energy

CMS Energy Corporation operates in the energy sector, primarily focusing on providing electric and natural gas services. The company is involved in the generation, purchase, transmission, distribution, and sale of electricity and natural gas, serving a significant market in the United States.

Average Trading Volume: 2,396,584

Technical Sentiment Signal: Strong Buy

Current Market Cap: $22.2B

See more insights into CMS stock on TipRanks’ Stock Analysis page.

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